Gold Price Today: Continuing its rally, gold prices touched a record high on Friday and closed at Rs 63,000 per 10 gram in the Ahmedabad market.
In recession across the globe, Everyone want to safe their investments and money.
That is why gold prices increased and stopped at life time high price.
Gold price rose by Rs 500 per 10 gram in a single day.
Why The Gold Prices Continuously Increasing?
In the international market, gold price reached to $2,033.35 per troy ounce, around 5pm according to the World Gold Council.
Due to major changes in US dollar index and slow economics in US, Gold prices increased.
Because everyone is investing their money in gold for safe returns on their investments.
Even banks are heavily investing in gold because of uncertain economy.
“We hope there will be some purchases on account of Akshaya Tritiya this time around. However, overall sales will remain muted in the wake of high prices. The price of the yellow metal may not see a major correction in the days to come,” Acharya further added. On Friday, silver price too increased to Rs 76,500 per kg .
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